Core Viewpoint - Xiamen Youxun Chip Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, focusing on the research, design, and sales of optical communication front-end transceiver chips, positioning itself as a "national manufacturing single champion" in the optical communication field [2]. Financial Performance - The company reported total assets of 8.174 billion yuan for 2024, up from 5.874 billion yuan in 2023 and 4.228 billion yuan in 2022 [3]. - The net profit for 2024 is projected at 778.664 million yuan, an increase from 720.835 million yuan in 2023, but a decrease from 813.984 million yuan in 2022 [3]. - Operating revenue is expected to rise to 4.105 billion yuan in 2024, compared to 3.131 billion yuan in 2023 and 3.390 billion yuan in 2022 [3]. - The company's debt-to-asset ratio is projected to decrease to 10.99% in 2024 from 13.64% in 2023 and 21.09% in 2022 [3]. - R&D investment as a percentage of operating revenue is 19.10% for 2024, slightly down from 21.09% in 2023 and 21.14% in 2022 [3]. Shareholding Structure - The shareholding structure is relatively dispersed, with no single shareholder holding more than 30% of voting rights, indicating no controlling shareholder [5]. - The actual controllers of the company are Ke Binglan and Ke Tenglong, who collectively control 27.13% of the voting rights [5]. Management Team - Ke Binglan, the chairman and general manager, has a long history in various managerial roles and has been with the company since its inception [6]. - Ke Tenglong, the general manager, has been with the company since 2014 and has held several key positions leading up to his current role [7]. - The combined salary for Ke Binglan and Ke Tenglong in 2024 is projected to be 2.7898 million yuan [8].

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, focusing on the research, design, and sales of optical communication front-end transceiver chips [2] Company Overview - Youxun is recognized as a "national-level manufacturing single champion enterprise" in the optical communication sector [2] - The company was founded by Ke Binglan in 2003, initially focusing on domestic optical communication chips [5] Financial Highlights - The company plans to raise 889 million yuan through the IPO, allocated for various projects including next-generation access network and high-speed data center chip development, automotive chip R&D, and 800G optical communication chip development [3] - Financial performance from 2022 to 2024 shows revenue growth from 339 million yuan in 2022 to 411 million yuan in 2024, while net profit increased from 81.4 million yuan to 77.9 million yuan [4] Shareholding Structure - The shareholding of Youxun is relatively dispersed, with no single shareholder holding more than 30% of voting rights, indicating no controlling shareholder [7] - Ke Binglan directly holds 10.92% of the shares and, along with Ke Tenglong, controls a total of 27.13% of the voting rights [7][8] Management Team - Ke Binglan has been the chairman since the company's inception and was appointed as the general manager in April 2022, while his son, Ke Tenglong, has been involved since 2014 and became the executive vice general manager in August 2022 [8]